While lumber cost increases have gained a lot of attention over the past year as they quadrupled between April 2020 and May 2021, it isn't the only building material to experience meteoric price increases recently.
As lumber costs are declining, the price of oriented strand board (OSB) has increased 510% since January 2020, according to the National Association of Home Builders. Since the start of 2020, price increases have passed 650% for some OSB products.
OSB prices have passed peak cost increases in lumber by nearly 180 percentage points. The increases seen in the plywood panel prices have been less than half of those seen in the OSB market.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
